International oil prices fell during Thursday's trading, as investors absorbed the (OPEC +) decision yesterday.
The (OPEC +) alliance decided yesterday to keep the production policy unchanged at the conclusion of its meeting today, as it is scheduled to increase production by 400,000 barrels per day during March. in line with market expectations.
The organization's decision comes in light of the member states' efforts to meet the current production targets, which prompted the alliance not to respond to the increasing calls by large consumers to increase production with improved demand and high Prices.
The benchmark Brent crude for April delivery fell today by 0.45%, equivalent to 40 cents, to reach $89.07 a barrel. US crude futures also decreased by 0.57%, equivalent to 50 cents, at the level of $87.76 a barrel.
Uncertainty about supplies increased as the Russia-Ukraine crisis escalated, after US officials announced that the United States would send 3,000 troops to Romania and Poland to support NATO forces. In Eastern Europe, in preparation for any Russian military action in Ukraine.
Investors continue to follow developments on Ukraine amid fears of a possible Russian invasion, although Moscow has made clear that it has no such plan, and an attack could affect Russia. energy flows and thus raise prices.
